he table below shows some of the national income accounts for the economy of Elmwood (all figures are in billions of dollars). Personal income taxes Indirect taxes (net of subsidies) Corporate profit taxes Exports Government spending on goods and services Disposable income Personal savings Imports Compensation of employees Investment (net) Net foreign factor incomes Gross operating surplus Transfer payments Depreciation Taxes less subsidies on production Other income not paid out From this information, calculate the value of: a. Consumption b. Net exports c. Gross investment d. GDP at market prices e. Gross mixed income f. NDP at basic prices g. National income h. Personal income 160 130 30 35 230 810 120 70 610 90 25 120 180 80 80 20

he table below shows some of the national income accounts for the economy of Elmwood (all figures are in billions of dollars). Personal income taxes Indirect taxes (net of subsidies) Corporate profit taxes Exports Government spending on goods and services Disposable income Personal savings Imports Compensation of employees Investment (net) Net foreign factor incomes Gross operating surplus Transfer payments Depreciation Taxes less subsidies on production Other income not paid out From this information, calculate the value of: a. Consumption b. Net exports c. Gross investment d. GDP at market prices e. Gross mixed income f. NDP at basic prices g. National income h. Personal income 160 130 30 35 230 810 120 70 610 90 25 120 180 80 80 20

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

G.32.

he table below shows some of the national income accounts for the economy of Elmwood (all figures are in billions of
dollars).
Personal income taxes
Indirect taxes (net of subsidies)
Corporate profit taxes.
Exports
Government spending on goods and services
Disposable income
Personal savings
Imports
Compensation of employees
Investment (net)
Net foreign factor incomes
Gross operating surplus.
Transfer payments
Depreciation
Taxes less subsidies on production
Other income not paid out
From this information, calculate the value of:
a. Consumption
b. Net exports
c. Gross investment
d. GDP at market prices
e. Gross mixed income
f. NDP at basic prices
g. National income
h. Personal income.
160
130
30
35
230
810
120
70
610
90
25
120
180
80
80
20

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